Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to analyze the profitability of a projected investment or project.
Step 1: Define your strategic focus areas.
Step 2: Create at least one measurable outcome for each focus area.
Within each focus area, what does success look like?
Design Pathfinder Projects with milestones.
To reach your outcome you will need at least one project. We call these "Pathfinder Projects" because, in truth, you don't know what will work. Just like outcomes, though, you need to be crystal clear in defining a Pathfinder Project.
The best way to get clarity is by setting commonsense milestones. That way, you can tell if your project is getting off course, or worse yet, not working at all. Your milestones alert you to failure. When you fail early, you fail cheaply...and you learn.
The Internet of Thing is a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.